Tag: AUD

Oil Prices Drop on Friday as Higher Production Looms

Oil prices fell for a sixth day on Friday, and were on track for their biggest weekly loss in 10 months, as record-high U.S. crude output added to concerns about a sharp rise in global supplies. The drop came amid a rout in global equity markets sparked by inflation fears.[MKTS/GLOB] Brent futures LCOc1 were down […]

USD/CAD – Loonie flash plummets on weaker jobs report

Canada Jan Net Jobs -88,000 From Dec Canada Jan Net Jobs Forecast At +10,000 Canada Jan Full-Time Jobs +49,000; Part-Time -137,000 Canada Jan Avg Hourly Wages +3.3% From Year Ago Canada Labor Force -73,700 In Jan From Dec Canada Jan Participation Rate At 65.5% Vs 65.8% In Dec Canada’s unemployment rate ticked up last month […]

Equities Lose $5 Trillion as Bulls Slay Bulls

Friday February 9: Five things the markets are talking about **Stateside, the House of Representatives has approved the bill to fund the U.S government and has raised spending limits over two-years, it is now sending the measure to President Trump.** Investors should expect market turbulence to continue this year as pullbacks and volatility become more […]

Hawks coming home to roost

Hawks coming home to roost Equity markets were trounced on the back of Global yields parading to multi-year highs Thursday. Indeed, it was less dovish Fed speak that continued to be the driver, and the BoE provided a hawkish bounty for good measure. The ruckus in the bond pits these days appears hell-bent on marching […]

Pound jumps on ‘Hawkish’ BoE

Thursday February 8: Five things the markets are talking about The global equity markets remain unnerved as U.S bond yields again trade atop of their four-year highs after U.S congressional leaders reached a two-year budget deal to raise government spending by almost +$300B. The bi-partisan deal is expected to stave off a government shutdown, while […]

Market Jitters Remain

Market Jitters Remain US stocks toppled again on Wednesday in choppy and messy fashion after a dispirited US Treasury auction revived concerns about a hawkish Fed, unnerving investors already spooked after the rapid climb in US Treasuries apparently ignited a jump in the Cboe Volatility index. A deplorable auction with meek demand pushed yields on […]

Weekly FX Market Update – 6 February 2018 (Video)

It’s been an extremely turbulent 24 hours in the financial market with the Dow recording its largest ever daily points drop as panic set in and traders tried to work out what was triggering such a strong sell-off. Markets have stabilized a little on Tuesday but there remains some concern among traders which continues to […]

Beware: FX Space is Calm, but Appearances can be Deceiving

Wednesday February 7: Five things the markets are talking about Risk-averse sentiment seems to have cooled for the time being as a number of the major indexes rebound in the overnight session. Note: From a volatility standpoint, the forex market space appears tranquil when compared to other asset classes like equities or bonds. The rebound […]

Plop Plop Fizz Fizz oh what a relief it is

Plop Plop Fizz Fizz oh what a relief it is A case of turnaround Tuesday or merely the eye of the storm? What a wild ride the past 48 hours !!  and of course the downward correction in equity market was always on the cards as a combination of multi-year high bond yields, and record highs in […]

US Trade Deficit Reaches 9 Year High

The U.S. trade deficit widened more than expected in December, hitting its highest level since 2008 as robust domestic demand pushed imports to a record high. The Commerce Department said on Tuesday the trade gap increased 5.3 percent to $53.1 billion. That was the highest level since October 2008 and followed a slightly upwardly revised […]